On September 27, Nanbo A announced that the company held an interim meeting of the board of directors and passed the Bill on Investment in New Egyptian Photovoltaic Glass Production Line by a full vote. According to
the announcement, Nanbo A intends to invest in a new photovoltaic glass production line project in Egypt, and plans to build a 1400 t/d one-kiln five-line photovoltaic rolled glass and four supporting toughened coating processing production lines. The construction period is expected to be three years and the total planned investment of the project is approximately RMB17.This
is the first time that CSG has gone overseas to construct a photovoltaic glass production line. It is also the fifth Chinese photovoltaic glass company to announce projects in the Middle East in the past year.
In recent years, many Chinese Saudi Arabia's latest target is to achieve 130GW of clean energy installed capacity by 2030-at least 20GW of new installed capacity per year. The UAE aims to more than triple the share of renewable energy to 19 by 2030. Egypt aims to get 42% of its electricity from renewable energy by 2030, corresponding to about 61 GW of installed capacity, of which 43 GW comes from photovoltaics.. At the same time, the Middle East region is located at the crossroads of Europe, Asia and Africa, and the local photovoltaic industry is backed by the vast local demand, facing the huge market and trade convenience of Europe, Africa and even South America, which also provides a broader space for the deep strategy of Chinese photovoltaic enterprises. With the "temptation" of huge market opportunities in the Middle East and the loss of the "springboard" for Southeast Asia to go to sea, Chinese photovoltaic enterprises have increased their layout in the Middle East in recent years. According to DataBM, photovoltaic glass, as the leader of photovoltaic glass in the https://www.databm. , has been clustered in the Middle East in recent years. With the deepening of the strategy of "going to sea" in China's photovoltaic industry, photovoltaic "going to sea" has gradually extended from "products going to sea" and "main industry chain going to sea" to "whole industry chain going to sea". Starting from 2025, in addition to modules, inverters, brackets, glass, frames, " photovoltaic glass, as an indispensable link in the manufacturing supply chain of photovoltaic modules, are the key foundation of the photovoltaic industry. With the "expansion tide" of photovoltaic production in the Middle East, the collective "pile up" layout. Up to now, at least five leading photovoltaic glass companies, including Amadon, Xinyi Glass, China Glass Holdings, Qibin Group and Nanbo Group, have announced the construction of production lines in the Middle East. In August this year, the media reported that Qibin Group planned to invest in the construction of a comprehensive economic zone in Suhnai, Egypt , on the evening of April 27. Amadon announced that Amadon (Middle East and North Africa) Co., Ltd., a wholly-owned subsidiary of the company, has set up a wholly-owned subsidiary, Amadon Glass Industry Co., Ltd. in the United Arab Emirates . And invest in the construction of a photovoltaic glass production line project
In March , Xinyi Glass announced an investment of 700 million US dollars (about 5 billion RMB) . A plant with an annual output of 1.5 million tons of solar glass and 1.1 million tons of high-purity silica sand is planned to start construction in 2026 and put into operation in 2028 in the Suez Canal Economic Zone of Egypt . After completion, it will become one of the largest solar glass production bases in the Middle East and North Africa .
In addition, on November 28, 2024, China Glass Holding Co., Ltd. held a foundation-laying ceremony for the new energy glass project in Egypt . The total investment of the project is 300 million US dollars to build a production line with a daily output of 1000 tons of flat glass and 800 tons of photovoltaic glass.
Up to now, at least five leading photovoltaic glass companies, including Amadon, Xinyi Glass, China Glass Holdings, Qibin Group and Nanbo Group, have announced the construction of photovoltaic glass production lines in the Middle East, mainly in the United Arab Emirates, Egypt and other places.
In the context of the "expansion tide" of Chinese photovoltaic enterprises in the Middle East, as an indispensable link in the industrial chain, it is not difficult to understand that the leading photovoltaic glass companies are going to the Middle East to build factories collectively. But at the same time, photovoltaic glass going to sea is also a necessary "survival" move under the extreme involution of the domestic market in recent years.
In the past few years, the photovoltaic glass industry has experienced a stage of development from "extreme shortage" of supply to "serious excess" of supply caused by rapid expansion. According to the data of China Photovoltaic Industry Association, by the end of December 2024, the production capacity of photovoltaic glass has been 152 kilns and 604 lines, with a capacity of 120870 t/d, an increase of 18400 t/d over the previous year. In contrast
to the rapid growth of production capacity, the demand side has declined sharply. Especially after the end of "531" this year, the operating rate of downstream component production lines continued to decline, the inventory of photovoltaic glass enterprises continued to rise, even nearly burst, and the price of products also dropped sharply below the cost line. At the end of June, the top ten domestic photovoltaic glass manufacturers had to announce a collective increase in production cuts to 30%.
Although the price of photovoltaic glass gradually recovered after August under the measures of anti-involution guidance, shutdown and production reduction, the domestic market has been unable to digest such a huge stock capacity under the background of serious excess. Going abroad and following the layout of the market and industrial chain is to open up new markets and new growth space for enterprises.
But past experience, if not forgotten, is a guide for the future.
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